Two-Family Home with Double
For Sale
$585,000
10 Malden Street, Worcester, MA 01606
Two-family home in Worcester with interiors needing refresh and a double house lot; major systems and envelope maintained.
Property Size2,182 SF
Price / SF$268.10
Days on Market133
Property Features for 10 Malden Street
General Information
Standard status
Active
Size
2,182 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
OWN IT
Listed By:
Sheryl Tessier
(781) 878-2478
Source:
Trufantre
Added: Mar 24
Changed: Jul 22
Last Checked: Jul 23 at 8:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OWN IT
Investment Insights
Based on property information with market context.
This classic two-family home at 10 Malden Street in Worcester, MA is positioned for a value-add refresh. While the interiors are described as ready for cosmetic updates to match your preferences, the exterior and core systems have been maintained. The property’s roof, siding, sewer, heating, chimney, and electrical systems (and other items) are cited as addressed, with an improvements list attached to the listing.
The home sits on a double house lot, providing additional flexibility as compared to a standard lot size.
For buyers looking for an owner-occupant or investor opportunity, the current condition focuses renovation efforts on the interior “finish” work such as kitchens, baths, and flooring, with the mechanical and building envelope already taken care of.
The home sits on a double house lot, providing additional flexibility as compared to a standard lot size.
For buyers looking for an owner-occupant or investor opportunity, the current condition focuses renovation efforts on the interior “finish” work such as kitchens, baths, and flooring, with the mechanical and building envelope already taken care of.
Key Highlights
- Two‑family home built in 1890 in Worcester
- Interiors need a cosmetic refresh (cosmetic updates such as kitchens, baths, and flooring)
- Roof, siding, sewer, heating, chimney, and electrical systems are reported addressed
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.4k | $22.20 |
| − Vacancy | −$2.7k | −$1.22 |
| EGI | $45.8k | $20.98 |
| − OpEx | −$13.7k | −$6.29 |
| NOI | $32.0k | $14.69 |
2,182 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$457.8K
$400.5K – $534.1K
NOI $32,043 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$420.2K
$367.7K – $490.2K
NOI $29,414 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$728.3K
$637.3K – $849.7K
NOI $50,981 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 01606, MA
21,651
Population
9,427
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
90%
High-School Grad
6.0 sq mi
ZIP Area
3,609
Density / Sq Mi
$92,537
Median Household Income
$55,931
Median Earnings
$1,615
Median Rent
$343,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family home in Worcester with interiors needing refresh and a double house lot; major systems and envelope maintained.
Where is this duplex located?
The property is located at 10 Malden Street Worcester, MA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑family home built in 1890 in Worcester; Interiors need a cosmetic refresh (cosmetic updates such as kitchens, baths, and flooring); Roof, siding, sewer, heating, chimney, and electrical systems are reported addressed
